Slowdown in factory prices beats expectations
Fuel price relief helps keep producer inflation in check at 4.2%
29 August 2024 - 12:31
UPDATED 29 August 2024 - 23:44
As was widely expected, consecutive decreases in fuel prices helped producer inflation in July to slow by 0.2% month on month.
Data released by Stats SA on Thursday showed that the coke, petroleum and chemical category made the largest contribution to the decrease in the monthly headline producer price index (PPI) after slowing by 1.5% month on month (a negative 0.4 percentage point contribution to the total)...
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